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POSTRETIREMENT BENEFITS (Tables) | 12 Months Ended
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Sep. 30, 2025
Retirement Benefits [Abstract] |
Schedule of Net Periodic Benefit Cost | The net periodic cost for the periods presented was as follows:
| Fiscal Year Ended
(in thousands) | September 30, 2025 |  | September 30, 2024 |  | September 30, 2023
Interest cost | $ | 4,556 |  |  | $ | 5,264 |  |  | $ | 5,175 |
Expected return on plan assets | (4,323) |  |  | (3,364) |  |  | (5,027) |
Amortization of actuarial loss | 208 |  |  | 266 |  |  | 667 |
Net periodic cost | $ | 441 |  |  | $ | 2,166 |  |  | $ | 815 |
The weighted-average assumptions used to determine net periodic pension cost during the period were as follow:
| September 30, 2025 |  | September 30, 2024 |  | September 30, 2023
Discount rate | 4.9 | % |  | 5.8 | % |  | 5.4 | %
Expected return on plan assets | 4.0 | % |  | 3.3 | % |  | 5.0 | %
Rate of compensation increase | N/a |  | N/a |  | N/a
Schedule of Change in Benefit Obligations and Plan Assets | The change in the benefit obligations, plan assets and the amounts recognized on the consolidated balance sheets was as follows (in thousands):
Change in benefit obligations: |  |
Balance as of September 30, 2023 |  | $ | 95,330 |
Interest cost |  | 5,264 |
Actuarial gain |  | 8,979 |
Benefits and administrative expenses paid |  | (6,384) |
Balance as of September 30, 2024 |  | 103,189 |
Interest cost |  | 4,556 |
Actuarial loss |  | (3,432) |
Benefits and administrative expenses paid |  | (6,559) |
Balance as of September 30, 2025 |  | $ | 97,754 |
Change in plan assets: |  |
Balance as of September 30, 2023 |  | $ | 105,443 |
Actual return on plan assets |  | 12,599 |
Employer contributions |  | 276 |
Benefits and administrative expenses paid |  | (6,384) |
Balance as of September 30, 2024 |  | 111,934 |
Actual return on plan assets |  | 677 |
Employer contributions |  | 280 |
Benefits and administrative expenses paid |  | (6,558) |
Balance as of September 30, 2025 |  | $ | 106,333 |
Funded status: |  |
Funded status as of September 30, 2024 |  | $ | 8,745 |
Funded status as of September 30, 2025 |  | $ | 8,578 |
Schedule of Amounts Recognized in Balance Sheet |
(in thousands) |  | September 30, 2025 |  | September 30, 2024
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |
Pension Non-Current Assets |  | $ | 8,578 |  |  | $ | 8,745 |
Pension liabilities |  | — |  |  | — |
Net amount recognized |  | $ | 8,578 |  |  | $ | 8,745 |
Amounts recognized in accumulated other comprehensive loss (before income taxes) consist of: |  |  |  |
Net actuarial loss |  | $ | (15,113) |  |  | $ | (15,108) |
Total loss recognized |  | $ | (15,113) |  |  | $ | (15,108) |
Weighted-average assumptions used to determine pension benefit obligations at year end: |  |  |  |
Discount rate |  | 5.2 | % |  | 4.9 | %
Rate of compensation increase |  | N/a |  | N/a
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets | The following table summarizes the defined benefit pension plans with accumulated benefit obligations in excess of plan assets:
(in thousands) |  | September 30, 2025 |  | September 30, 2024
Accumulated benefit obligation |  | $ | — |  |  | $ | — |
Fair value of plan assets |  | — |  |  | — |
The following table summarizes the defined benefit pension plans with projected benefit obligations in excess of plan assets:
(in thousands) |  | September 30, 2025 |  | September 30, 2024
Projected benefit obligation |  | $ | — |  |  | $ | — |
Fair value of plan assets |  | — |  |  | — |
Schedule of Allocation of Plan Assets | Pension plans have the following weighted-average asset allocations:
Asset Category: |  | September 30, 2025 |  | September 30, 2024
Debt securities |  | 97% |  | 96%
Cash and cash equivalents |  | 3% |  | 4%
Total |  | 100% |  | 100%
The Company’s asset allocations are presented in the table below:
|  | September 30, 2025 |  | September 30, 2024
(in thousands) |  | Level 1 |  | Level 2 |  | Total |  | Level 1 |  | Level 2 |  | Total
Fixed income securities |  | $ | 31,389 |  |  | $ | 71,355 |  |  | $ | 102,744 |  |  | $ | 34,077 |  |  | $ | 73,394 |  |  | $ | 107,471 |
Cash and cash equivalents |  | 3,589 |  |  | — |  |  | 3,589 |  |  | 4,463 |  |  | — |  |  | 4,463 |
Total |  | $ | 34,978 |  |  | $ | 71,355 |  |  | $ | 106,333 |  |  | $ | 38,540 |  |  | $ | 73,394 |  |  | $ | 111,934 |
Schedule of Future Benefit Payments | Benefit payments, which reflect future expected service as appropriate, are expected to be paid in each fiscal year as follows:
(in thousands) |  |
2026 |  | $ | 7,333 |
2027 |  | 7,383 |
2028 |  | 7,417 |
2029 |  | 7,457 |
2030 |  | 7,482 |
2030 to 2034 |  | 36,705 |

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